MBS doesn't listen to Biden play tune to increase production or lower the oil price. In addition the US biofuel act {RFS} will increase the quantum of ethanol usage from 10% to 15%. Ironically the US beans is suffering from the extreme heat wave that hits the mid West region. If the heatwave persist beans yield will be hit. Ukraine wheat export and thier quantum & quality is at best subjective after sitting for a prolong period { 6-7months}. For EU instead of exporting corn it's look like they are now buying instead of exporting. US agriculture looks have more legs to run. Not a buy call for any counter. Just keep our finger cross and hopefully our own planter's stock will shared part of the loot
using glove stocks vs BPlant as their comparison? Glove stocks was trading at between $5 - $6 before hitting their historical high of $9-$12. Bplant share price at around $0.75 - $0.85 before hitting the year high at betw $1.10-$1.25. Price wise, earning wise, IB targeted PE ratio all does not jell betw a glove stock vs Bplant
BPlant 1st qtr dividend distribution. 7.3 sen paid out. Coming 2qtr dividend { estimated at 5 sen} to be announced in August. This exclude additional special dividend an ouncement { sale of Kulai estate to Ytl power}. At 80-85sen BPlant is one of the very few high dividend yield counters. Not a buy call
U must have not known that last quarter 7.3sen solely from operation. If Jan-Mac CPO price is lower than Apr - June. At minimum also 7.3sen + Landsale.
Bplant used to paid dividend every Qtr until the sharp drop in CPO prices and the price slump in soft commodities. Not forgetting the write off { kitchen sinking exercise} that dragged down their financials and the acquisition of the 2 parcel of Sabah estate's land for $750million {11, 579 acres} and another parcel for 397 million {4915 Ha} in 2018. Steep fall in CPO prices during the year 2018/2019 have resulted in BPlant incurring losses and stopped their qtr dividend payment. The key point is the possibility of writing back the loss provision and the additional special dividend for the land sale. Just keeping my fingers cross and not a buy call. Just my own analysis and personal take
Bplant major controlling shareholders need money badly hence to them bplant is a cash cow that give them the needed cash flow thro' regular dividend and special dividend
I hold cash rich Insas but the problems is that the controlling shareholder are rich and do not need the dividend.
KUALA LUMPUR (Aug 10): Boustead Plantations Bhd’s (BPB) subsidiary Boustead Agro Plantations Sdn Bhd has signed a document of understanding (DOU) — with Pertubuhan Peladang Kawasan Kuala Langat (PPKKL) — to venture into the sustainable and technology-driven commercial crop market.
In a statement on Wednesday (Aug 10), it said the DOU establishes the cooperation between the two parties in initiating and developing a commercial crop project, namely for chilli and ginger, via a turnkey basis, with the utilisation of a smart fertigation system and smart farming Internet of Things.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Yippy68
1,655 posts
Posted by Yippy68 > 2022-07-20 06:38 | Report Abuse
DOW up, cpo up, brent up, Bplant should be up. 80 sen OTW